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Jamie has inherited 500 shares of an investment company. She calls her broker to redeem the shares and is informed that the kind of investment

Jamie has inherited 500 shares of an investment company. She calls her broker to redeem the shares and is informed that the kind of investment company she owns makes no provision for future purchases or redemptions. What kind of investment company does she own? A An open-end fund B A closed-end fund C A unit investment trust D A face-amount certificate company

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